Reconciliation of electric utility operating income per HEI and HECO consolidated statements of income - HECO (Hawaiian Electric Company, Inc. and Subsidiaries)

9 Months Ended

Sep. 30, 2011

Hawaiian Electric Company, Inc. and Subsidiaries

Reconciliation of electric utility operating income per HEI and HECO consolidated statements of income

10 · Reconciliation of electric utility operating income per HEI and HECO consolidated statements of income

	Three months ended September 30						Nine months ended September 30
(in thousands)	2011			2010			2011			2010
Operating income from regulated and nonregulated activities before income taxes (per HEI consolidated statements of income)	$	74,956		$	51,343		$	162,682		$	135,387
Deduct:
Income taxes on regulated activities	(23,860		)	(14,818		)	(46,630		)	(36,972		)
Revenues from nonregulated activities	(1,347		)	(903		)	(3,467		)	(4,303		)
Add: Expenses from nonregulated activities	250			492			673			3,259
Operating income from regulated activities after income taxes (per HECO consolidated statements of income)	$	49,999		$	36,114		$	113,258		$	97,371